St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-05
YESTERDAYS MARKET.
On the Chicago Board Of Trade Matters
Were Dull and Featurelsss in
Wheat.
Very Few Outside Orders Were Received,
and There Was Rather Light
Local Dealing.
No Important Influences Were
Brought to Bear and the PIT
Was Empty.
transactions in the Financial Circles
of Wall Street--GeneralQ Quo
IationS.
Special to the Globe.


CHICAGO. April 4,-This was the dullest
dav of the season on change and specula-
tion was virtually lifeless. The weather is
stiu very unfayorable. S. w. Allerton, who
&c inst bsol, from Nebraska, says that the
soil l. excessively dry in that state and that
tho snrinv wheat which got into the ground
in snIapd,d shane may suffer. In Kansas, he
saws the winter wheat is suffering seriously.
The reports of damage are so numerous and
from SO many quarters that there is no longer
any doubt about their genuinenesS. Corn
dropped to 3914c for May, and ranged between
that and 391sc The receipts (67S cari), were
UNEXPECTEDLY heavy and promise TO De
heavier still for tomorrow. The demand for
cash is still altogether from the carriers,
bear feature. The whole wheat pit is still
trading in the May option of that grain, and
not one purchase of June is made where two
are in the earlier months. But the shorts in
wheat have for a long time known thatif they
could get the trade switched over into June
it would be of advantage to them. This
Is not easy matter TO DO,
for May is really the speculative
option right up almost to the day of delivery
in that month. To-day. however, the COM
mittee of the board which has charge of the
quotations ordered ''May" taken down from
the display register and June exhibited
there instead. This is very serious thing to-
people short of May, and is worth q good deal
of money to men short. 1t is really nothing
less than a bear trick, ordered, it would look.
in the interest of the shorts and without re-
gard to the convenience or custom of the
trade 1t created no end of talk. 1t looked
as if the three directors who had ordered it
had either allowed their bear zeal to get away
with their sense of justice, or that they were
bent on getting even with the clique. The
chairman of this committee distinguished
himself q few weeks ago by taking violent
attitude against one of the bull houses in the
matter of margins, and the other two men,
bers of the committee are both avowed bears.
THE ROUTINE REPORT. ,.~
CHICAGO, April 1.-THE day was dull and
featureless in the wheat trade. Very few
outside orders were received, and there was
very light local trading. No important infiu-
enceS were brought to bear upon the market,
and the pit was at times almost entirely de-
serted. The visible supply showed decrease
of $4,000 bushels. The clearings from three
ports on Saturday aggregated 219, 600 bushels
while the receipts continue to be fair, aygre-
eating $4,000 at twelve points. The large
trading continues to center in May delivery,
which opened sc higher and closed that much
higher than on Saturday. There was very
light inquiry for corn, but the tone was steady
throughout, and there were only Slight
changes in prices. Oats were dull and un-
changed. Mess pork was dealt in lightly for
settlement of May and June contracts. Lard
opened 214c per l00bs higher. receded 5G716c
and closed tame. Short ribs held at about
Saturdays figures. The board decided to
hold no session on Good Friday, and there
will be no session of the board tomorrow
election day.
THE QUOTATIONS.
Wheat-No >, April, opened at re. clos
ing at re; May, S21ac, closing at S215c:
June, size, closing at Sic; July, soc, closing
at S0Hc. Corn-No. 2, April, 1890, closing
at 3414c: May, 5975c, closing at 393Sc; June
401ac, closing at 40ssc: July, 415sc, closing at
4l2sc. Oats-No. April 233sc, closing at
1880; May, 2S1ac, closing at $3.50; June, 29c,
closing at 29c. Mess pork, per barrel-Aprl,
$50. 49, closing at $2075; May, SCI, closing at
sci; June, S2l, closing at S2i. Lard, per 100
pounds-April, $3.50. closing at 1925; May,
$7.37h, closing at $7.321a; june $74215, clos
SS.O71s, closing at sS.021a; May, $s.17}4,
closing at S. 121a; June $S.25, closing at $50.
Cash quotations were as follows:
Flour dull and unchanged. Wheat-No.
spring, 1T@S0c; No. spring, 151a@7Sc: No.
2 red, soc. Corn--No. ,, 3414 1313sc. Oats-No.
=, 231a@24c. Rye-No. q 5415c. Barley-No.
p, SIZE Flax Seed-No. l, S107- Timothy
Seed-Prme, Sl.63 Mess pork. per Dbl,
$2O.5O@20. 10. Lard, per 100 lbs, 1925.
Short ribs Sides loose, S.; dry sailed Shout
ders, boxed, s6.1O@6.25; short clear sides,
ished goods, per gal, Sl.1S. Sugar-Cut loaf,
614@65sc; granulateG, 61sc; standard A 556c
Receipts-Flour- $4,000 bbs; wheat, $4,000
blu; corn, 7,00c blu; oats, $4,000 bu; rye, 1000
bu; barley, 10000 bu. Shipments-Flour,1 3, 900
bbls; wheat, $4,000 bu; corn, $4,000 bu: oats
$4,000 bu: rye, 2,0U0 bu; barley, 1900 blu.
On the produce exchange to-day the butter
market was weak; creamery, 24@291sc per
b; dairy, 22GD26c. Eggs. l11aG12c per doz.